U.S. President Donald Trump said he would not fire Federal Reserve Chair Jerome Powell, adding that he “may have to force something” as part of his ongoing push for the central bank to lower rates.
Britain’s borrowing costs rose and sterling stayed close to recent three-year peaks against the dollar, as a multi-year spending review underlined fiscal challenges even as pressure mounts to boost the economy.
The Pound got a slight bump of 0.2% against the Dollar in the last session. The Stochastic-RSI is giving a negative signal.
Support: 1.3379 | Resistance: 1.3685
Oil prices rose more than 4%, to their highest in more than two months, after sources said the U.S. was preparing to evacuate its Iraqi embassy due to heightened security concerns in the Middle East.
Bitcoin is closing in on a new high, buoyed by renewed optimism that the United States and China have reached a final agreement on their long-awaited trade deal. The world’s largest trading economies have nearly completed their trade agreement, according to a post by US President Donald Trump.
The Bitcoin-Dollar pair plummeted 1.2% in the last session. The CCI is giving a positive signal.
Support: 106112 | Resistance: 111662
Gold prices edged lower as traders closely monitored U.S.-China talks, the outcome of which could simmer down trade tensions and boost the global economy, lessening demand for safe-haven assets, while a rising U.S. dollar added pressure.
The Gold-Dollar price remained largely unchanged in the last session. The Stochastic-RSI indicates an overbought market.
Support: 3256 | Resistance: 3397.5
The U.S. dollar was little changed to marginally lower, consolidating recent gains, as talks between Beijing and Washington continued for a second day amid expectations of a trade deal that could further ease trade tensions.
